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ND SB2178
Bill
Status
2/24/2011
Primary Sponsor
Wesley Belter
Click for details
AI Summary
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Reduces North Dakota income tax rates across all filing statuses by 0.21 percentage points for each tax bracket (e.g., from 1.84% to 1.63% in the lowest bracket).
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Updates income bracket thresholds for single filers, married filing jointly, married filing separately, head of household, and estates/trusts to reflect inflation adjustments.
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Example changes for single filers: lowest bracket threshold increases from $33,950 to $34,500, and the tax on income over $34,500 decreases from $624.68 to $562.35 plus the reduced rate.
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Tax commissioner shall continue prescribing annual rate schedules after December 31, 2010 by adjusting income brackets for cost-of-living changes using federal Internal Revenue Code section 1(f) methodology.
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Effective for taxable years beginning after December 31, 2010.
Legislative Description
A reduction in income tax rates for individuals, estates, and trusts; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 24 nays 67
4/4/2011